Thursday, Oct 6 2022 | Time 09:45 Hrs(IST)
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Business Economy


UCO Bank clocks over 21 pc growth in Q1 FY 2023

Kolkata, Aug 5 (UNI) UCO Bank on Friday posted a net profit of Rs 123.61 crore during Apri-June 2022, registering a growth of 21.41 percent as against Rs 101.81 crore in the year ago period.
The bank announced its operating profit for the first quarter of fiscal 2022-23 stood at Rs 439.94 crore (Operating profit excluding mark-to-market loss Rs 1093.43 Crore) as against Rs 1173.41 crore (Operating profit excluding MTM loss Rs 1286.29 crore).
Net Interest Income of the bank for the quarter also has increased to Rs 1649.54 crore from Rs 1460.24 crore for the quarter ended June 2021, registering a growth of 12.96 percent.
Other Income of the bank for the quarter ended June 2022 stood at Rs 54.47 crore (Other Income excluding MTM loss Rs 599.02 Crore) as against Rs 856.64 crore (Other Income excluding MTM loss Rs 969.52 crore) for the quarter ended June 2021..
The bank's total business has increased to Rs 356677.47 crore as on 30.06.2022 from Rs 332946.17 Crore as on 30.06.2021, registering a growth of 7.13 percent.
Total deposits of the bank have increased to Rs 225327.74 Crore as on 30.06.2022 from Rs 212096.82 Crore as on 30.06.2021, recording a growth of 6.24 percent.
The savings deposits have gone up to Rs 77498.06 crore as on 30.06.2022 from Rs 71377.97 crore as on 30.06.2021 displaying a growth of 8.57 percent. The total advances of the bank stood at Rs 131349.73 crore as on 30.06.2022 as against Rs 120849.35 crore, registering a growth of 8.69 percent. UNI PC KK SSP
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Govt modifies emergency credit line guarantee scheme for civil aviation sector

05 Oct 2022 | 6:37 PM

New Delhi, Oct 5 (UNI) The government has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to give the civil aviation sector necessary collateral-free liquidity at reasonable interest rates to tide over their present cash flow problems, an official statement said on Wednesday.

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World gas prices in Aug rose by 250pc year-on-year

World gas prices in Aug rose by 250pc year-on-year

05 Oct 2022 | 5:27 PM

Geneva, Oct 5 (UNI) Energy prices in the world in August increased by 78% year-on-year, while gas prices rose by 250%, according to the World Trade Organization (WTO) its fresh report released on Wednesday.

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SHF launches new loan products

SHF launches new loan products

05 Oct 2022 | 12:11 PM

Chennai, Oct 5 (UNI) Sundaram Home Finance (SHF), a wholly
owned subsidiary of Sundaram Finance, today announced the
launch of customized business loan product for small traders,
shops and business owners.

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ZEEL receives approval from CCI for proposed merger with Sony

04 Oct 2022 | 10:14 PM

Mumbai, Oct 4 (UNI) ZEE Entertainment Enterprises Ltd (ZEEL) on Tuesday said that it has received an approval from the Competition Commission of India (CCI) for its proposed merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India Private Limited).
The CCI has granted the approval in Phase-1 after evaluating the official legal and economic submissions made by the company, a statement from the company said

"Considering the immense value which the proposed merger will generate for all its stakeholders, the Company has offered the necessary remedies in accordance with the regulator’s guidelines. Detailed order is awaited," the statement said.

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Jio to start beta trial of 5G services on Dussehra in 4 cities

Jio to start beta trial of 5G services on Dussehra in 4 cities

04 Oct 2022 | 9:53 PM

Mumbai, Oct 4 (UNI) Reliance Jio on Tuesday announced the launch of Beta trial of its 5G services on the auspicious occasion of Dussehra for its users in four cities of Mumbai, Delhi, Kolkata, and Varanasi.

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